Congratulations to Coldwell Banker on their best week since 2007…with 27 New Escrows this week!
NEWSLETTER FROM FIDELITY NATIONAL TITLE
| Newsdesk | Volume 3 | Issue 242 | August 20, 2009
|
| Top News Economic Preview: Housing hits a bottom – MarketWatch – – builders are gradually becoming more hopeful, even though surveys show most builders are still very discouraged. The builders’ housing market index has risen in four of the past five months. Housing starts have increased in four of the past five months Colonial’s failure could make mortgages more scarce – CNN Money – – to get. NEW YORK (CNNMoney.com) — The collapse of Colonial BancGroup poses another hazard to the still-shaky housing market: Mortgages could become even harder to get. The Southern regional bank, based in Montgomery, Ala., was the largest remaining New Century Investigation Drags On in Silence – California Real Estate Journal – – Daily Journal Staff Writer In early 2007, the audit committee at New Century Financial Corp. convened in Irvine for what some would later describe as an ‘ugly’ meeting. Management at the subprime mortgage lending giant had quietly changed its accounting Personal Bankruptcy Filings Rise 34 Percent – Washington Post – – Association of Consumer Bankruptcy Attorneys, said people had traditionally chosen to file for Chapter 13 to stave off foreclosure. But doing so does not decrease their monthly mortgage payments. Now that so many homeowners face higher interest rates and BofA, Capital One See Defaults On Credit Cards Rise in July – CNBC – – Capital One Financial and Bank of America’s U.S. credit-card defaults and delinquencies rose in July, as more Americans lost jobs and struggled to pay their debts. The trend differs from American Express’ comments |
| Market News Real Estate Weekly: Home sales inch up in second quarter – MarketWatch – – on borrowers who are underwater on their mortgages. While there have been some recent positive signs for the housing market, Humphries was quick to note that there are also lingering challenges to home-price stabilization in the months ahead. ‘Despite Will The Real Fidelity Please Stand Up? – Inman – – corporate history. Thankfully several timelines made my job quite easy; here are my findings: It all started when Fidelity National Financial (FNF) acquired Chicago Title and Trust Co. in 2000. Finalized on March 20th, the acquisition set FNF up to host |
| Technology News TomTom For iPhone Spells An End To Standalone GPS – PC World– – The new TomTom app that turns an iPhone into a spells the beginning of the GPS. Not everywhere, but at least on dashboards, where a smartphone can now do everything a GPS can do and cost less than |
| Other News Homebuyers Hurry to Beat Deadline for $8,000 Tax Credit – CNBC – – at the highest rate in more than a quarter century, most economists agree. But various federal stimulus offers, mortgage rates that sank to record lows in April and pockets of economic strength make home buying more fathomable. Odete Gomes, a 30-year old U.S. home builders’ confidence is highest since June 2008 – MarketWatch – – time in the past year, but most of them still think the market is poor, according to the housing market index released Monday by the National Association of Home Builders. The home builders’ index climbed to 18 in August from 17 in July. It’s the highest |
| For more information about Newsdesk please visit www.productcenter.fntg.com or email Newsdesk@fnf.com |
BEST BUYS AUGUST 18TH
South Maui Condominium
Best Buy List
As of August 18, 2009
(30 of the best located/best priced condos)
(New) = New Additions to List
Price BR Comment
North Kihei:
1. Southpointe 19-201 122,000 2 (short sale) Price!
2. Haleakala Gardens 3G 189,000 2 (short sale) Price & Nice Interior!
3. Kihei Garden Estates G105 199,000 1 (short sale) Price & Vac Rental!
4. Kauhale Makai 127 210,000 1 (short sale) Oceanfront Vac Rental!
5. Villas at Kenolio 9A (New) 319,000 3 Price & Good Resort!
6. Kai Makani 38-201 399,000 2 (short sale) Price!
7. Luana Kai A201 399,000 1 Direct Oceanfront Vac Rental!
8. Sugar Beach 112 425,000 1 Price & Oceanfront Vac Rental!
9. Luana Kai D304 425,000 2 (short sale) Oceanfront Vac Rental!
10.Menehune Shores #305 469,900 2 Direct Ocean Front, Short Sale
South Kihei:
1. Kihei Kai Nani 130 (New) 219,000 1 Price & Vac Rental!
2. Maui Vista 2215 (New) 240,000 1 Price & Vac Rental!
3. Khiei Alii Kai D203 265,500 1 (short sale) Price & Vac Rental!
4. Kihei Akahi D112 299,000 1 Price, Location & Vac Rental!
5. Hale Kanani 4-303 (New) 329,900 3 Price!
6. Awihi Townhouse 4 345,000 2 (short sale) Garage & Pool!
7. Maui Parkshore 103 (New) 375,000 2 Price & Vac Rental!
8. Maui Kamaole B208 575,000 2 Oceanview Vac Rental!
9. Hokulani Golf Villa 32(New)799,000 2 New Residential Condo!
10 Hale Pau Hana 15 999,000 1 Direct Oceanfront Vac Rental!
11 Royal Mauian 610 1,249,000 2 Direct Oceanfront Vac Rental!
Wailea/Makena-Vacation Rental Resorts:
1. Grand Champions 12 615,000 2 Very Upgraded Lock-off Model!
2. Grand Champions 160 699,000 3 On Golf Course at Great Price!
3. Wailea Ekolu 201 789,000 2 Price, Location Oceanviews!
4. Hoolei S-1 1,695,000 3 New, Large & Great Price!
5. Wailea Elua 2110 1,695,000 2 Oceanfront & Great Price!
Wailea/Makena- Non Vacation Rental Resorts:
1. Wailea Fairway Villas X202 600,000 2 (short sale) On GC & Oceanviews!
2. Wailea Palms 3705 795,000 2 Palms II has Spectacular Pool!
3. Wailea Fairway Villas Q103 875,000 3 On GC, Upgraded & Oceanviews!
4. Kai Malu 21B 879,900 3 (short sale) Wailea Res Condo!
5. Kanani Wailea 24 950,000 3 Oceanviews & Very Nice Interior!
NEWLETTER FROM JAY MILLS
|
We Wanted to Keep you in the loop of info so we are posting a newsletter produced by Jay Mills of Fideltiy National Title. Hope you enjoy it. The Hansen Ohana, Your Family Tradition
Newsdesk | Volume 3 | Issue 238 | August 4, 2009 |
| Top News Nowhere to go but up? Housing begins slow rebound – USA Today – – A staggering $4 trillion in home equity was wiped out, and millions of Americans lost their homes through foreclosure. Now take a deep breath and exhale. The worst is over. By every measure, except foreclosures, the housing market has stabilized and many Federal authorities create mortgage fraud team – CNBC – – NEW HAVEN, Conn. – Federal authorities are creating a mortgage fraud task force in Connecticut to investigate schemes that contributed to the economic crisis and emerging crime trends associated with the growing tide of foreclosures. Big cities: Big changes in foreclosure rates – CNN Money – – Foreclosure rate: One for every 22 housing units Change from 2008: Up 51.7% Phoenix grew very quickly over the past 10 years, setting the stage for a hard fall when the market turned sour. HUD Chief Admits Gaps In Loan Modification Program – NPR – – federal government’s Making Home Affordable program provides incentives for banks to adjust loans to help people facing foreclosure. Shaun Donovan, secretary of the Department of Housing and Urban Development, offers his insight. Podcast and RSS Feeds How mortgage shopping could change – MSN Money – – on the mountains of paperwork, ‘transparency is the name of the game.’ [Related content: homes, home financing, mortgage, mortgage rates, housing] Few borrowers read every line of the avalanche of paperwork that comes with a mortgage, and even the most US regulators close five banks, total now 69 – CNN Money – – * Banks fail in Illinois, Ohio, Okla, Fla, New Jersey * Combined cost to FDIC insurance fund could be $911.7 mln (Updates with information about fifth bank) WASHINGTON (Reuters) – Bank regulators closed five banks Friday, bringing the number of failures |
| Market News Real Estate Weekly: Home buyers, sellers less happy with agents – MarketWatch – – Appraisal rules draw fire Mortgage rates edge higher Title options for spouses The housing bust has pushed home prices down substantially, taking a heavy toll on real estate commissions in the process, and is also devaluing the role of the real estate Illinois Sues Wells Fargo – Wall Street Journal Online – – By AMY MERRICK Illinois Attorney General Lisa Madigan filed a lawsuit Friday against Wells Fargo, alleging that one of the nation’s top mortgage lenders illegally discriminated against minority borrowers. Ohio Sues Mortgage Servicer Over Loan Modifications – Morningstar.com – – DOW JONES NEWSWIRES The state of Ohio has filed a lawsuit alleging Carrington Mortgage Services LLC breached its agreement to offer ‘reasonable’ loan modifications to eligible borrowers. RI man accused of $10M mortgage fraud scheme – CNBC – – PROVIDENCE, R.I. – Authorities have charged a North Providence man and indicted three others in an alleged series of mortgage fraud schemes that totaled $10 million. State police arrested 75-year-old Pierre Chabot Jr. on Thursday. |
| Technology News Sifting through the mounting problem of e-waste – CNN – – problem is arriving in shipping containers from Western countries. Nigeria is one of the principal global destinations for ‘e-waste’ — the catch-all term for discarded consumer electronics. Some of this may have been legitimately handed in to be JetBlue, United try Twitter to sell airline seats fast – USA Today – – quick, cheap getaway? A bargain may be just a tweet away. JetBlue and United airlines are offering their Twitter followers first dibs on some discounted fares, using the uber-trendy form of messaging to quickly connect with customers and fill seats on |
| For more information about Newsdesk please visit www.productcenter.fntg.com or email Newsdesk@fnf.com |
| Jay Mills, Escrow Officer Fidelity National Title and Escrow of Hawaii, Inc |
ECONOMIC NOTICE
BELOW IS A QUOTE FROM THE NEW YORK TIMES YOU WILL FIND INTERESTING!
Breaking News Alert
From The New York Times
Friday, July 31, 2009 — 8:40 AM ET
—–
U.S. Economy Shrank Less Than Expected in Quarter
The latest government report shows the economy contracted at
a 1 percent annual pace in the second quarter, a
better-than-expected showing and the strongest signal to date
that the recession, the longest since World War II, is
finally winding down.
The Commerce Department said the slippage in gross domestic
product for the April to June period came after the economy
was in a free fall, tumbling at a 6.4 percent pace in the
first three months of the year, worse than the earlier
estimate of 5.5 percent. That made the first quarter the
worst for the economy in nearly three decades.
Read More:
http://www.nytimes.com/?emc=na
Hawaii Real Estate Blog 